Hong Kong will auction 6,500 vehicle number plates, 1,000 more than last year, to individuals and companies.
Last year the average number plate price in Hong Kong reached a record high of 33,000 yuan (US $5,400), 507 yuan up from February's price.
The lowest winning tender was 29,000 yuan, up 750 yuan from the previous month, number plates auction organiser Hong Kong Commodity Auction Ltd announced.
Industry experts said the reduced quota of number plates and high demand helped were the cause of riding prices.
However prices are expected to fall this month as more number plates are being offered along with loer demand. Fewer people bought cars after the Chinese New Year Holiday, reported the Honk Kong Evening Star.
Design your Number Plate
The DemonPlates Number Plate Maker allows you to design a registration plate using a number of advanced customisation options. When you enter your new registration number you are shown a preview of the plate in seconds.
These articles are provided for entertainment purposes. You are advised to refer to the Road Vehicles (Registration and Licensing) Regulations 1971 for legal information and our Terms and Conditions before using our plate maker to design your Number Plates.
Demon Plates is rated 4.86 stars by Reviews.co.uk based on 3233 merchant reviews